There is a chance that the EURUSD pair is in final sub-wave V of wave V which means that a reversal can be coming by the end of the year, but there is still room for a 1.2200 to be tested before the market turns up.

EURUSD, 1H

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Aussie is following the path very nicely; now falling quite sharply which suggests that it can be wave three headed to 0.7750 area where new, but temporary support can show up for red wave iv) correction.

AUDUSD, 1H